Blend Labs (BLND) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blend Labs in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BLND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLND, but not buy additional shares or sell existing shares.
View BLND analyst ratings or view top-rated stocks.

5 equities research analysts have issued 12-month target prices for Blend Labs' shares. Their BLND share price forecasts range from $1.30 to $4.00. On average, they expect the company's share price to reach $2.24 in the next twelve months. This suggests a possible upside of 142.8% from the stock's current price.
View analysts price targets for BLND or view top-rated stocks among Wall Street analysts.

Blend Labs' stock was trading at $1.44 at the beginning of 2023. Since then, BLND stock has decreased by 35.9% and is now trading at $0.9231.
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Blend Labs saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 11,070,000 shares, an increase of 5.6% from the April 15th total of 10,480,000 shares. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is currently 6.1 days. Approximately 7.2% of the company's shares are short sold.
View Blend Labs' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our BLND earnings forecast.

Blend Labs, Inc. (NYSE:BLND) issued its earnings results on Thursday, March, 16th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.18) by $0.15. The firm earned $42.79 million during the quarter, compared to analysts' expectations of $44.60 million. Blend Labs had a negative trailing twelve-month return on equity of 172.11% and a negative net margin of 379.35%.

ETFs with the largest weight of Blend Labs (NYSE:BLND) stock in their portfolio include Global X FinTech Thematic ETF (FINX),

Blend Labs updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $39.50 million-$41.00 million, compared to the consensus revenue estimate of $39.96 million.

(BLND) raised $340 million in an initial public offering on Friday, July 16th 2021. The company issued 20,000,000 shares at $16.00-$18.00 per share.

Blend Labs trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLND."

Blend Labs' stock is owned by a number of retail and institutional investors. Top institutional shareholders include General Atlantic L.P. (8.20%), BlackRock Inc. (5.10%), ShawSpring Partners LLC (4.45%), State Street Corp (1.65%), Geode Capital Management LLC (1.40%) and FMR LLC (0.72%). Insiders that own company stock include Crystal Sumner, Jonathan Y Chan, Nima Ghamsari and Timothy J Mayopoulos.
View institutional ownership trends.

Shares of BLND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLND stock can currently be purchased for approximately $0.92.

Blend Labs (NYSE:BLND) has a market capitalization of $215.36 million and generates $235.20 million in revenue each year. The company earns $-720,170,000.00 in net income (profit) each year or ($3.26) on an earnings per share basis.

The company employs 1,546 workers across the globe.

Blend Labs' mailing address is 415 KEARNY ST., SAN FRANCISCO CA, 94108. The official website for the company is www.blend.com. The company can be reached via phone at 650-550-4810 or via email at ir@blend.com.